KWADRIMEX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KWADRIMEX
Largest movements
- Tangible fixed assets -€27,728
down €27,728 (-9.6%), from €288,188 to €260,460
of which Land and buildings: -€15,494
- Cash +€11,250
up €11,250 (+149%), from €7,554 to €18,804
mainly Depreciation (+€27,728) and Net result for the year (+€14,463)
- Debts after one year -€30,616
down €30,616 (-43.3%), from €70,724 to €40,108
- Reserves +€14,463
up €14,463 (+8.1%), from €179,345 to €193,808
- Short-term financial debts +€3,406
new in 2025: €3,406
- Gross operating margin -€18,744
down €18,744 (-25.5%), from €73,367 to €54,623
- Taxes -€4,943
down €4,943 (-41.0%), from €12,071 to €7,127
- Depreciation +€1,623
up €1,623 (+6.2%), from €26,105 to €27,728
- Financial charges -€1,216
down €1,216 (-20.5%), from €5,938 to €4,722
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,341 | €290,945 | -€16,395 | -5.3% |
| Fixed assets | 21/28 | €288,188 | €260,460 | -€27,728 | -9.6% |
| Tangible fixed assets | 22/27 | €288,188 | €260,460 | -€27,728 | -9.6% |
| Land and buildings | 22 | €240,883 | €225,389 | -€15,494 | -6.4% |
| Furniture and vehicles | 24 | €47,305 | €35,071 | -€12,233 | -25.9% |
| Current assets | 29/58 | €19,153 | €30,485 | +€11,332 | +59.2% |
| Amounts receivable within one year | 40/41 | €10,493 | €10,516 | +€23 | +0.2% |
| Trade receivables | 40 | €7,625 | €5,121 | -€2,505 | -32.8% |
| Other amounts receivable | 41 | €2,867 | €5,395 | +€2,528 | +88.1% |
| Cash at bank and in hand | 54/58 | €7,554 | €18,804 | +€11,250 | +149% |
| Deferred charges and accrued income | 490/1 | €1,106 | €1,165 | +€59 | +5.3% |
| Total equity and liabilities | 10/49 | €307,341 | €290,945 | -€16,395 | -5.3% |
| Equity | 10/15 | €198,345 | €212,808 | +€14,463 | +7.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €179,345 | €193,808 | +€14,463 | +8.1% |
| Distributable reserves | 133 | €179,345 | €193,808 | +€14,463 | +8.1% |
| Amounts payable | 17/49 | €108,996 | €78,137 | -€30,859 | -28.3% |
| Amounts payable after more than one year | 17 | €70,724 | €40,108 | -€30,616 | -43.3% |
| Financial debts | 170/4 | €70,724 | €40,108 | -€30,616 | -43.3% |
| Amounts payable within one year | 42/48 | €35,508 | €38,030 | +€2,521 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €32,716 | €30,616 | -€2,100 | -6.4% |
| Financial debts | 43 | - | €3,406 | +€3,406 | |
| Credit institutions | 430/8 | - | €3,406 | +€3,406 | |
| Trade debts | 44 | €621 | €1,853 | +€1,232 | +198% |
| Suppliers | 440/4 | €621 | €1,853 | +€1,232 | +198% |
| Taxes, remuneration and social security | 45 | €2,171 | €2,154 | -€17 | -0.8% |
| Taxes | 450/3 | €2,171 | €2,154 | -€17 | -0.8% |
| Accrued charges and deferred income | 492/3 | €2,764 | €0 | -€2,764 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,105 | €27,728 | +€1,623 | +6.2% |
| Other operating charges | 640/8 | €1,420 | €755 | -€665 | -46.8% |
| Gross operating margin | 9900 | €73,367 | €54,623 | -€18,744 | -25.5% |
| Operating profit (loss) | 9901 | €45,842 | €26,140 | -€19,701 | -43.0% |
| Financial income | 75/76B | €703 | €172 | -€530 | -75.5% |
| Recurring financial income | 75 | €703 | €172 | -€530 | -75.5% |
| Financial charges | 65/66B | €5,938 | €4,722 | -€1,216 | -20.5% |
| Recurring financial charges | 65 | €5,938 | €4,722 | -€1,216 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €40,606 | €21,591 | -€19,015 | -46.8% |
| Income taxes | 67/77 | €12,071 | €7,127 | -€4,943 | -41.0% |
| Profit (loss) for the period | 9904 | €28,535 | €14,463 | -€14,072 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,535 | €14,463 | -€14,072 | -49.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.